Nanyang betting Metro Cable 47 million capital increase shares of subsidiary

Securities Times reporter Jia Zhang
PRC professional wire and cable manufacturer Nanyang shares ( 002,212 ), will expand to areas of special booster cables for rail traffic . Board of Directors considered and adopted " on the subsidiary of Guangdong Nanyang Cable Co., Ltd. Capital Increase investment in construction of high pressure rail with special cable project , " the motion . The total project financing for the 50 million yuan , sources of funding for the high pressure of the shareholders capital increase . Among them, the Nanyang shares by 94.01 percent stake in investment 47,005,000 yuan .
Announcement shows the company Nanyang share capital increase decided on the high pressure in the main plant and the construction of new land in " special cable for rail traffic project " , covering about 16,100 square meters . Nanyang shares , said the estimated construction period is 1 year. Completion of the project under normal conditions , estimated annual sales income 200 million yuan , total profit of 32 million yuan , net profit of 24 million yuan , payback period of 3.5 years (including 1 year construction period).
Notice shows that rail transit as a low-carbon economy, the direction of development potential. Rail cable in the civil construction project application will also expand the product market prospect. The project put into production will further enrich the product type, and to some extent, increase the market share of South Sea shares .







Author: Weida Electric Tools Co., Ltd. Jiande
main product: booster cables?battery clip?tow rope?ratchet tiedowm

Company Name: Jiande Weida Electrical Co., Ltd .
Add: chennan industryarea meichen jiande ,Zhejiang
Tel: 086-571-64142903    61432576
Mobile Phone: 13754390950
Fax: 086-571-64149921
Home  |   Profile  |   News  |   Product  |   New Products  |   Order  |   Messages  |   Contact Us  |   XML
Copyright © 2010:Jiande Weida Electrical Appliance Tools Co.Ltd. professionally manufacture booster cables , battery clip, tow rope,ratchet tie down.
Technical support: Hangzhou SEO, Hangzhou Website Construction, Hangzhou b2c Market